Reasons to invest in the project Apartments 127, Vilnius I:
The project is financed for a complex of fourteen apartments located in an attractive part of Vilnius city;
Interest is payable monthly with an attractive annual return of 10% – 10.5% plus an additional fixed annual capital gains return of +1.5% (payable at the end of the project);
Experienced project owner – has more than 20 years of experience in real estate sales, development and leasing;
Fixed interest linked (indexed) to inflation;
Loan-to-Value (LTV) of 45% for this phase, maximum LTV for the whole project is 60%;
The financed apartments have been appraised by an independent appraiser at EUR 674,000.
InRento team presents a new buy-to-let project – Apartments 127, Vilnius I. The investment offer consists of a complex of fourteen apartments located in Vilnius, at the address – Kalvarijų str. 127.
The total area of the financed project is 329.86 m², consisting of fourteen partially finished apartments. Each room will have private bathrooms, washing machines, TVs and their own kitchens.
This project will be focused towards short-term rentals, but with all the necessary amenities it can easily be refocused towards long-term rentals. Similar apartments managed by the same project owner in the building have excellent reviews and ratings on the Booking platform.
The project is conveniently located close to the Avia Solutions Group Arena, the largest arena in the city, the Compensa concert hall and the OZAS and Akropolis shopping centers. Due to its competitive prices, the apartments will be attracting an increasing number of tourists and business people. The growing number of visitors contributes to the high level of bookings throughout the year.
The project owner K129 Living team has more than 20 years of experience in real estate sales, development and rental. Since January 2023, the company has also started to offer additional accommodation services, which will lead to higher profitability.
Investors will be paid a fixed interest rate of 10% – 10.5% per annum each month, depending on the amount invested. The project also has a fixed annual capital growth rate of 1.5%, payable at the end of the project. This raises the overall yield of this phase to between 11.5% and 12% annual return.
This project has the lowest risk level – A. The maximum duration of the project is 36 months.